One of the leaders of e -commerce in China JD.com intends to launch his own stabilcoin for international payments, which will abandon the SWIFT system.

According to the founder of JD.com Liu Qiangdong, the company is going to receive licenses for the use of stablecoins in all major states of the world, which will launch “global B2B payments”. Thus, transactions can be carried out in 10 seconds, and commissions will decrease by 90%immediately. Currently, in the SWIFT system, the payment may take 2-4 days. In addition, in the future, ordinary users will be able to use such stablecoin:

“Someday, as we hope, users around the world will be able to use the JD coin for quick international payments,” Tsyandun said.

Now the launch of stabilcoins has become a “hot” topic for Chinese giants. For example, JD CoinLink, a subsidiary of JD.com, this month took tests of Stablecoin Hong Kong Kong Kong Congon. And Ant Group, standing behind Alipay, is preparing to obtain a license for the release of stablecoins in Hong Kong.

Earlier, TRM Labs experts reported that now the share of illegal transactions with stablecoins is less than 1%.